A recent investigation alleges that since US President Donald Trump’s return to the White House, the Trump family’s crypto fortune has surged to over $1 billion from his multiple digital asset ventures.

Trump Family’s Crypto Ventures Reap over $1B

On Thursday, the Financial Times (FT) reported that the Trump crypto empire, built by the US President and his family, has generated more than $1 billion in pre-tax profits over the past year.

The investigation explained that Trump’s crypto ventures have significantly boosted the US President’s net worth on paper by billions of dollars. However, they calculated the potential income only from the realized profits of World Liberty Financial’s WLFI token and USD1 stablecoin, and the official TRUMP and MELANIA memecoins.

According to FT’s calculations, the TRUMP and MELANIA memecoins, which launched just days before Trump took office in January, have made around $362 million and $65 million, respectively, for a total of $427 million in sales and trading fees.

FT's calculations of Trump's realized profits. Source: Financial Times

Meanwhile, the report’s data estimates that the WLFI token has generated approximately $550 million so far, and potentially made $42 million from the USD1 stablecoin, which recorded $2.71 billion in total sales.

To maintain the value of USD1, the company must hold assets in reserve to back the token, so sales of these coins do not immediately become profits. But if the money raised from the sales had been placed into short-term US debt, World Liberty Financial would have made around $40mn in interest and fees from the assets it holds to back its USD1 stablecoin so far.

Moreover, the investigation notes th

Go to Source to See Full Article
Author: Rubmar Garcia